Hunter Associates Investment Management LLC Raises Position in Amphenol Co. (NYSE:APH)

Hunter Associates Investment Management LLC grew its holdings in shares of Amphenol Co. (NYSE:APH) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,611 shares of the electronics maker’s stock after purchasing an additional 124 shares during the period. Hunter Associates Investment Management LLC’s holdings in Amphenol were worth $1,050,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in APH. Peoples Bank KS acquired a new position in shares of Amphenol in the 3rd quarter valued at $27,000. Mendota Financial Group LLC acquired a new position in shares of Amphenol in the 4th quarter valued at $33,000. Venturi Wealth Management LLC increased its position in shares of Amphenol by 75.5% in the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 142 shares during the period. Avior Wealth Management LLC increased its position in shares of Amphenol by 70.8% in the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 138 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in shares of Amphenol in the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of NYSE:APH traded down $0.71 during trading on Friday, reaching $110.17. The stock had a trading volume of 3,769,038 shares, compared to its average volume of 3,260,438. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17. Amphenol Co. has a 1-year low of $72.00 and a 1-year high of $119.59. The stock has a market cap of $66.28 billion, a PE ratio of 35.42, a PEG ratio of 3.16 and a beta of 1.30. The business has a fifty day moving average price of $110.87 and a 200-day moving average price of $98.54.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the previous year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts forecast that Amphenol Co. will post 3.28 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s payout ratio is 28.30%.

Wall Street Analyst Weigh In

APH has been the topic of several research reports. Citigroup upped their target price on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. The Goldman Sachs Group increased their price target on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Stifel Nicolaus increased their price target on Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Evercore ISI increased their price target on Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Finally, Robert W. Baird increased their price target on Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.75.

Insider Buying and Selling

In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the sale, the chief financial officer now directly owns 147,045 shares in the company, valued at approximately $15,391,200.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the sale, the chief financial officer now directly owns 147,045 shares in the company, valued at approximately $15,391,200.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 305,000 shares of company stock worth $31,846,050. 2.22% of the stock is owned by corporate insiders.

Amphenol Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.